JLT Re Solutions, Inc. Licenses CATEX Pivot Point Technology

Princeton, NJ, Feb 5, 2004
CATEX announced today that New Jersey-based reinsurance intermediary, JLT Re Solutions, Inc., a member of the Jardine Lloyd Thompson Group, plc, has agreed to license a CATEX developed, web-based Reinsurance Transaction System based on the CATEX proprietary Pivot Point Technology.

The system is entirely web-based and can permit a reinsurance intermediary to fully manage all aspects of its business on line, any time, from any location in the world. Pivot Point Technology also permits a reinsurance intermediary to offer enhanced system access to its clients and markets if it so chooses. The system will begin deployment at JLT Re Solutions, Inc. on July 1, 2004.

R.K. Cooney, CEO of JLT Re Solutions, said, "We are excited about the implementation of the CATEX system, particularly the ability to further enhance our client services, and the efficiencies we expect to gain within JLT Re."

The CATEX Pivot Point Technology is composed of an extensive range of proprietary applications and has been developed using exclusively Microsoft(R) technology. The technology can provide the full range of transaction components for a reinsurance transaction as managed by an intermediary. The technology may be customized to accommodate specific client requests or may be used in a basic version.

About JLT Re Solutions, Inc.
JLT Re Solutions, Inc. is headquartered in Lawrenceville, New Jersey and has branch offices in Atlanta, Bloomington, MN and New York City. As a full service reinsurance intermediary, JLT Re Solutions provides clients with innovative reinsurance programs that are supported by analytics and a broad based knowledge of the current marketplace. Principal lines of business include workers' compensation, property, casualty, surety, aviation, marine and energy which are provided on a traditional or non-traditional basis.

About Jardine Lloyd Thompson Group plc
Jardine Lloyd Thompson Group plc (JLT Group plc) is the world's fifth largest insurance broker and employee benefits consultancy and the largest UK and European based broker quoted on the London Stock Exchange with a market capitalization in excess of 1 billion pounds ($1.5 billion). JLT operates in 30 countries and employs over 4,200 staff and services premiums of approximately 3 billion pounds ($4.5 billion).

JLT divides its business into two main areas:
Risk & Insurance
The Risk & Insurance group comprises JLT's worldwide insurance and reinsurance broker activities, providing specialist insurance and reinsurance broking and risk management services for a wide range of companies, including some of the largest corporations in the world. It encompasses the Group's London Market insurance, reinsurance and alternative risk transfer operations and is responsible for our international network including the US, Canada, Europe, Asia and Australia. A JLT presence in every market ensures JLT is able to identify and develop new solutions for the benefit of a growing client base.

Employee Benefits
The Employee Benefits group provides organizations with a range of solutions to help clients maximize business efficiency. Key services are pension and investment consulting, financial intermediary and institution services, affinity group marketing, pension, medical and dental administration and HR consultancy. With over 1,500 professionals throughout the UK, Ireland and the US specializing in all areas of employee benefits, clients can be assured of a precise service delivered on time, within budget and in accordance with applicable legislation.

John Januszewski, Jr.
609-896-0555 (Ext 406)

Paul Dransfield

The Catastrophe Risk Exchange, Inc. (CATEX) is a leading developer of web based insurance and reinsurance software. CATEX provides software as a service to brokers, agencies and reinsurers to manage all of their Treaty, facultative and commercial insurance needs. CATEX’s flagship products, CATEX Pivot Point and Data Vera, are Microsoft .NET based solutions that provide placement, contract management, fiduciary accounting, ledger control, claims management, multi-currency settlements, bordereau processing, document management, data conversion, and comprehensive MI reporting functionalities. CATEX has been operating since 1994 and is licensed by the New York Insurance Department as a reinsurance intermediary that acts in a neutral capacity.

For more information visit us www.catex.com

CATEX Contact
Stephanie Fucetola
+1 609-683-0888